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Transport disruptions expected to continue as union strikes roll on throughout France

Tax advantage to go, QROPS overhaul

Tax advantage to go, QROPS overhaul

By Staff Writer - December 11, 2016

Woman frightened by taxesIf the UK government gets its way, expat pensioners living abroad will pay considerably more in tax on pensions.

A scheme known as Qualifying Recognised Overseas Pension Scheme (Qrops), which lowers income tax paid on qualifying registered overseas pension schemes to 90 percent of the amount otherwise due, will no longer apply and, from April 6, 2017, 100 percent of income tax will have to be paid, according to a little-noticed proposal in the so-called Autumn Statement by the UK finance minister, the Chancellor of the Exchequer, Philip Hammond.

Pensioners currently paying 36 percent will in future pay 40 percent, if the plans make their way into law. 

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December 13, 2019 | Business & Finance

The IUM inaugurates its new premises

Cassandra Tanti

The architecturally exciting new home of the International University of Monaco has been officially inaugurated by H.S.H. Prince Albert II and National Council President Stéphane Valeri. 

December 11, 2019 | Business & Finance

Intimate photos of daily life at the Palace

Stephanie Horsman

A new photo book paying tribute to the 126 people who work behind the scenes at the Prince’s Palace and his private home, Roc Agel, has been released.

December 10, 2019 | Business & Finance

Red Cross entities unite

Cassandra Tanti

Prince Albert has joined a gathering of the entire Red Cross Movement in Geneva for a conference under the theme: ‘Acting today to shape the world of tomorrow’.

December 9, 2019 | Business & Finance

Monaco receives four new ambassadors

Cassandra Tanti

Monaco now has four new Ambassadors from Belarus, Malayia, Mali and the European Union.